NEO NEO/USD is trading at 18.39 and continues to move within the framework of the correction and the formation of the «Triangle» model. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in NEO. As part of the NEO forecast & analysis NEO/USD October 3, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 18.20, from which one can expect a rebound and an attempt to continue the growth of cryptocurrency with a target near the level of 21.50.
NEO forecast & analysis NEO/USD October 3, 2018
An additional signal in favor of the growth of the NEO/USD cryptocurrency will be a test of the support area, as well as a rebound from the lower border of the rising channel. Previously, a weak signal was received for the sell of cryptocurrency NEO, due to the crossing of signal lines at the level of 18.90.
The cancellation of the growth option of NEO quotes will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below 17.80, indicating a change in the upward trend in favor of the downward trend and the continued decline of the digital asset. Expect confirmation of the growth of NEO/USD quotes with the breakdown of the upper limit of the «Triangle» model and closing above the level of 20.00.
NEO forecast & analysis NEO/USD October 3, 2018 involves an attempt to develop a cryptocurrency correction and a test level of 18.20, from which we can expect continued growth of the NEO rate with a potential target near the level of 21.50.
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